Ipo Timetable Chart Notes
This is a sample of our (approximately) 3 page long Ipo Timetable Chart notes, which we sell as part of the Public Companies and Equity Finance Notes collection, a Distinction package written at Multiple Institutions in 2013 that contains (approximately) 165 pages of notes across 52 different documents.
The original file is a 'Word (Docx)' whilst this sample is a 'PDF' representation of said file. This means that the formatting here may have errors. The original document you'll receive on purchase should have more polished formatting.
Ipo Timetable Chart Revision
The following is a plain text extract of the PDF sample above, taken from our Public Companies and Equity Finance Notes. This text version has had its formatting removed so pay attention to its contents alone rather than its presentation. The version you download will have its original formatting intact and so will be much prettier to look at.
24-52 Pre-IPO preparation
weeks - Company chooses advisers before o LR 8.1.1 if premium listed then appoint sponsor impact - Company considers its suitability for an IPO and the most appropriate method of listing day its shares - Company effects any necessary restructuring - Company takes decision to proceed with IPO
12-24 The IPO process begins
weeks - Company appoints advisers and meets sponsor (if premium listed)
before - Sponsor drafts and advisers agree a timetable impact - Sponsor informs FSA about intended IPO day - First marketing meetings with sponsor and broker - Initial planning meetings with advisers take place - Legal and financial due diligence begins o Business due diligence into the commercial aspects of the company o Financial due diligence carried out by the reporting accountants o Legal due diligence Corporate - structure & constitution of the company Business & trading - including requests for all material agreements Assets Property Environmental matters Insurance Basic financial information IP and information technology Employees Pensions Disputes Any market-specific regulatory issues 6-12 The process gathers momentum
weeks - Key managers of the company work full-time on IPO
before - Accountants produce long-form and draft short-form report impact - Lawyers produce draft prospectus and begin the verification process day - Initial drafting meeting with advisers - Sponsor submits draft documentation relating to the approval of the prospectus to the FSA - Pay FSA fee for approval of the prospectus - Sponsor & company have first meeting with the Stock Exchange - Initial pricing meetings with sponsor, broker and any underwriters and sub-underwriters - Valuation of any key assets - Meetings with Financial PR consultants 2-6 weeks The process becomes intense
before - Detailed drafting meetings, incorporating FSA's comments impact - Lawyers complete verification day - Publish any pathfinder prospectus - Accountants and sponsors review cash-flow statements and any profit forecasts - Convene completion GM of company - Further PR meetings - Ensure any ancillary documentation is prepared - First meeting with registrars - Deadline for submitting draft prospectus to the FSA is 20 days before impact day o 87C FSMA - FSA must notify company whether it has decided to approve
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